BlueStone cuts IPO size to Rs 820 crore, to launch issue on August 11

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Omnichannel jewellery retailer BlueStone Jewellery & Lifestyle has reduced the size of its initial public offering (IPO) as per a revised red herring prospectus filed by the company. The Bengaluru-based company is now looking to raise Rs 820 crore in primary capital against Rs 1,000 crore that it had originally planned.

According to sources, the company is likely to go public at a valuation of around Rs 7,800 crore, which is less than its last private funding in August 2024, when it raised at a valuation of Rs 8,100 crore.

The offer-for-sale (OFS)…



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BlueStone cuts IPO size to Rs 820 crore, to launch issue on August 11



Omnichannel jewellery retailer BlueStone Jewellery & Lifestyle has reduced the size of its initial public offering (IPO) as per a revised red herring prospectus filed by the company. The Bengaluru-based company is now looking to raise Rs 820 crore in primary capital against Rs 1,000 crore that it had originally planned.

According to sources, the company is likely to go public at a valuation of around Rs 7,800 crore, which is less than its last private funding in August 2024, when it raised at a valuation of Rs 8,100 crore.

The offer-for-sale (OFS)…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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